NPSD School Board Finance Committee Meeting 8-4-26

The NPSD School Board Finance Committee held a meeting on August 4, 2026, focusing on several key financial and procurement matters. The committee approved the Treasurer's report showing $117,552 in cash on hand and authorized budget transfers to facilitate audit processes without changing the overall budget. A significant procurement decision was the approval of the annual renewal contract with PowerSchool for $183,000, covering ERP and HRIS systems including payroll and financial management, with plans to migrate data to a cloud-based system next year. The committee also approved a 3.7% wage increase for non-union staff retroactive to July 1, as budgeted. Additionally, discussions included transportation contract awards and investment management updates, with plans for a November presentation on investment returns. The meeting addressed staffing changes, notably the CFO transition, with an interim CFO appointment underway and a recruitment process in progress. The next Finance Committee meeting was scheduled for September 8, 2026.